Obtain the 2001 and 2011 annual reports for Goldcorp Inc. (from SEDAR www.sedar.com). Read the material leading up to the financial statements and answer the following questions:
(a) Explain how the company's business changed from 2000 to 2001. 'What significant events occurred?
(b) 'What was the impact on key ratios of the event(s) identified in part (a)? Include in these ratios the cash cost to produce an ounce of gold and the average selling price of gold. (This information can be found in the Management Discussion and Analysis part of the annual report.)
(c) Examine and calculate the same key ratios for 2011. Do you notice any differences 10 years later? 'What are some of the reasons for the changes?